Time Warner reiterated guidance for 2015 EPS around $4.60-$4.70. However the company is increasing programming and technological investment to keep up with the changing content consumption patterns of consumers. This expensive retrenchment will create a more defensible base for Time Warner’s premium content assets in films, television, and cable programming to grow in the shifting distribution environment. Time Warner’s HBO has produced very successful content such as: Game of Thrones, Sex and the City, Boardwalk Empire and The Sopranos. Content is valuable.